Sabra Health Care REIT Inc (NASDAQ:SBRA) Declares Quarterly Dividend of $0.45

Sabra Health Care REIT Inc (NASDAQ:SBRA) announced a quarterly dividend on Wednesday, August 7th, NASDAQ reports. Investors of record on Tuesday, August 20th will be paid a dividend of 0.45 per share by the real estate investment trust on Friday, August 30th. This represents a $1.80 dividend on an annualized basis and a yield of 8.60%. The ex-dividend date is Monday, August 19th.

Sabra Health Care REIT has increased its dividend by an average of 4.0% annually over the last three years and has raised its dividend annually for the last 8 consecutive years. Sabra Health Care REIT has a dividend payout ratio of 72.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Sabra Health Care REIT to earn $1.92 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 93.8%.

Shares of NASDAQ:SBRA opened at $20.93 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.68 and a current ratio of 1.68. The company has a market cap of $3.99 billion, a PE ratio of 9.14, a price-to-earnings-growth ratio of 11.75 and a beta of 0.89. Sabra Health Care REIT has a 52 week low of $15.70 and a 52 week high of $23.83. The firm has a 50 day simple moving average of $20.50 and a 200 day simple moving average of $19.64.

Sabra Health Care REIT (NASDAQ:SBRA) last issued its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.01). Sabra Health Care REIT had a net margin of 3.37% and a return on equity of 0.67%. The firm had revenue of $219.37 million during the quarter, compared to analysts’ expectations of $162.17 million. On average, equities analysts predict that Sabra Health Care REIT will post 1.88 earnings per share for the current year.

A number of research firms have issued reports on SBRA. Zacks Investment Research upgraded shares of Sabra Health Care REIT from a “sell” rating to a “hold” rating in a research report on Friday, June 21st. TheStreet upgraded shares of Sabra Health Care REIT from a “c+” rating to a “b” rating in a research note on Thursday, August 8th. Finally, BidaskClub upgraded shares of Sabra Health Care REIT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $20.50.

About Sabra Health Care REIT

As of December 31, 2018, Sabra's investment portfolio included 470 real estate properties held for investment (consisting of (i) 335 Skilled Nursing/Transitional Care facilities, (ii) 90 Senior Housing communities (“Senior Housing – Leased”), (iii) 23 Senior Housing communities operated by third-party property managers pursuant to property management agreements (“Senior Housing – Managed”) and (iv) 22 Specialty Hospitals and Other facilities), one investment in a direct financing lease, 22 investments in loans receivable (consisting of (i) one mortgage loan, (ii) two construction loans, (iii) one mezzanine loan and (iv) 18 other loans), nine preferred equity investments and one investment in an unconsolidated joint venture that owns 172 Senior Housing – Managed communities.

Read More: What is the Beige Book?

Dividend History for Sabra Health Care REIT (NASDAQ:SBRA)

Receive News & Ratings for Sabra Health Care REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabra Health Care REIT and related companies with MarketBeat.com's FREE daily email newsletter.